European stocks rise at open

London - European stock markets rose at the start of trading on Monday, with London's benchmark FTSE 100 index gaining 0.43% to 6 579.08 points.

Frankfurt's DAX 30 won 0.54% to 11 044.75 points and the CAC 40 in Paris climbed 0.81% to open at 4 996.76 compared with Friday's close.

Europe's main stock markets had closed slightly lower on Friday at the end of a turbulent week for equities and other financial markets, triggered by concerns over the Chinese and Greek economies.

Asian indices were mixed on Monday, with Tokyo helped by better-than-expected Japanese growth figures while Shanghai see-sawed as economic concerns overshadowed a government pledge to support China's volatile stock markets.

The dollar strengthened after solid US data boosted expectations of an imminent rate rise, heaping pressure on oil prices.

China's central bank meanwhile raised the value of the yuan against the dollar by 0.01%, the national foreign exchange market said, after a devaluation last week rocked markets.

Regarding Greece, German chancellor Angela Merkel and her hardline Finance Minister Wolfgang Schaeuble on Sunday hailed a dramatic change in their eurozone partner's approach to its debt crisis ahead of a key parliamentary vote in Berlin on a fresh bailout.

Before German MPs are asked to approve a third rescue package for debt-mired Greece on Wednesday, Merkel said Athens' new willingness to embrace reforms was down in part to Berlin's - and in particular Schaeuble's - unyielding stance.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
Rand - Pound
Rand - Euro
Rand - Aus dollar
Rand - Yen
Brent Crude
Top 40
All Share
Resource 10
Industrial 25
Financial 15
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders